UNITY Small Finance Bank Limited(UnityBank)hasestablished its presence in Nagpur with the launch of its first state of-the-art branch near Telephone Exchange Square, Central Avenue Road. The new branch was inaugurated by Krushna Khopde, MLA,EastNagpuronSaturday. Mohan Mate, MLA, South Nagpur,VikasKumbhare,MLA, Central Nagpur, Ramesh Chopde, Ex-Corporator, West Nagpur, Mangesh Jamekar, Senior Advisor of Centrum Group, Inderjit Camotra, MD and CEO, Unity Bank and other dignitaries were present. Union Minister of Road Transport and Highways Nitin Gadkari was unable to attend inaugurationdue to some reason which was not disclosed. InderjitCamotrasaid,“Unity Bank’s foray will leverage the growing business opportunities in the city, provide customers with attractive interestrateson deposits, offer business loans to MSMEs and more importantly offer the citizens of Nagpuranopportunitytobank withasmarter, fasterandmore convenient bank.

 

Going forward,Unity Bank plans to open several branches in the city”. Unity Bank offers fixed deposits to senior citizens at an attractive rate of 9.50% pa where asretailinvestorsearn9% pa.Forsavingsaccounts,Unity Bank offers an interest of 7.50% pa for balances greater thanRs 5 lakh and 7.25%paon deposit balances greater than Rs1 lakh and up to Rs 5 lakh. Additionally, lockers are also available at competitive rates at select branches. Camotra further said, “Expanding our presence in Nagpur is a strategic move for Unity Bank,given thecity’s significance as a thriving businesshub.The city is renowned foritsagriculturalproduce,textile industries and being a majorlogisticsandtradingcentre,” he pointed out. “Nagpur also has a significant MSME and HNI population and Unity Bank aims to offer tailored financial solutionstoNagpur’sentrepreneurs and residents. We are confident that our digital-first approach will resonate with the tech-savvy residents of Nagpur,enabling them to manage their finances effortlessly and securely,” he added.